What are the different types of audit services?

Audit services are an accounting function offered by public accounting companies or private certified public accountants (CPA) in the business environment. Audits are usually an external review of the company's financial or business information for various purposes. Companies usually use audits to ensure the parties to the company that the company's financial information is accurate or that the company works according to a specific set of instructions. Common audits used in the business environment include financial, operating, compliance with regulations, information technology and consulting services. These audits include review of the company's financial accounting processes and measure how well the company records and shows financial information to internal and external stakeholders. Auditors usually test the company's financial information based on a standardized set of accounting principles such as Generally Accondged Acounting Pricknilles (GAAP) in the United States (USA) or InternationalStandards of financial reporting (IFRS) used in many countries. While companies can use external auditors to perform this function, operating audits can also be carried out by the company's employees. When the company employees perform an audit, they are commonly referred to as an internal audit. Internal audits are usually less formal than external audits and are primarily used for control control.

Audits of compliance with regulations are carried out to ensure that companies adhere to a specific set of instructions, usually from an external organization. These audit services can be used by government regulators, insurance companies or professional organizations that give companies to the companies. The Safety and Security Association at work (OSHA) is an organization in the US that uses audits of compliance to ensure that its members meet certain operational standardsích operací.

Information technology audit services are carried out by external auditors to ensure that companies properly maximize business technology that is currently used in their operations. This audit usually checks individual components of business technologies used by companies and ensures that there are no opportunities for internal or external abuse. Companies with a high level of business technology, such as retailers with Internet or companies, may require more information technology audit services to ensure that important business information cannot be endangered by hackers or computer viruses and worms.

Consultation or advisory audit services can be provided by public accounting companies as an initial review of business operations. These services are less intense than traditional audits. Consulting and consulting services are usually used to determine what type of audit may needAnd how much it can cost. Public accountants that provide consulting services may not be able to perform the company as a matter of accounting and regulations and regulations of the specific jurisdiction.